Overview
What is Washington Asset Building Coalition?
The Washington Asset Building Coalition (WABC) is a leading organization in Washington State, dedicated to advocating for policies, programs, and strategies that empower low-income individuals and communities to establish a financial foundation, ultimately transitioning into the middle class. In their mission to achieve this goal, WABC served as the convenor for 15 local asset-building coalitions in 2022. They facilitated quarterly meetings, offered necessary trainings, and provided technical assistance on savings programs for low-income individuals, child savings accounts, retirement savings, and financial education. WABC extensively worked towards promoting the establishment of a statewide retirement savings system for lower-income and first-time workers and educating the public about the proposed Washington Futures Fund. Their objective is to provide opportunities for low and moderate-income residents in Washington to invest in education, home ownership, personal savings, and entrepreneurship, thereby helping them build, maintain, and preserve their assets.
Official website here: www.washington-abc.org
Is Washington Asset Building Coalition legitimate?
Washington Asset Building Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Asset Building Coalition submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $70,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.washington-abc.org
What is the mission statement of Washington Asset Building Coalition?
The Washington Asset Building Coalition's mission is to offer opportunities for low and moderate-income residents to build, maintain, and preserve assets through investments in education, home ownership, personal savings, and entrepreneurship. As the leading organization in this field in Washington State, it promotes policies, programs, and strategies to help individuals and communities build assets that can provide them with an economic foundation to move into the middle class. In 2022, WABC served as the convener for 15 local asset building coalitions in Washington, facilitating quarterly meetings, providing technical assistance on savings programs, and offering training and resources on child savings accounts, retirement savings, and financial education. Additionally, WABC worked extensively on promoting the establishment of a statewide retirement savings system for lower-income and first-time workers, as well as advocating for and educating on the proposed Washington Futures Fund.
Official website here: www.washington-abc.org
Who is the CEO of Washington Asset Building Coalition?
Ryan Davis is the Executive Director (Apr-Dec) of Washington Asset Building Coalition.
Official website here: www.washington-abc.org
What is the revenue of Washington Asset Building Coalition?
Washington Asset Building Coalition's revenue in 2022 was $202,202.
Official website here: www.washington-abc.org
Who are the executives of Washington Asset Building Coalition and what are their salaries?
The average compensation at Washington Asset Building Coalition during 2022 was $35,250. There are 2 employees and 4 volunteers at Washington Asset Building Coalition.
Here are 6 key members and their salaries:
- Compensation: $46,000
- Related: $0
- Other: $1,000
- Compensation: $20,500
- Related: $0
- Other: $3,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.washington-abc.org
Where can I find the form 990 for Washington Asset Building Coalition?
Washington Asset Building Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.washington-abc.org
Learn more at the official website: www.washington-abc.org
Mission Statement of Washington Asset Building Coalition
Washington Asset Building Coalition, abbreviated as WABC, is dedicated to providing opportunities for low and moderate-income residents in Washington to build, maintain, and preserve assets. This is achieved through investments in education, home ownership, personal savings, and entrepreneurship. By serving as the leading organization in promoting policies, programs, and strategies, WABC aims to help low-income individuals and communities establish an economic foundation, ultimately enabling them to move into the middle class.
In pursuit of this mission, WABC plays a significant role in facilitating quarterly meetings, providing technical assistance, and offering topical trainings for local asset-building coalitions in Washington State. The organization also offers support in developing savings programs for low-income individuals, establishing child savings accounts, promoting retirement savings, and providing financial education. Furthermore, WABC worked extensively on advocating for a statewide retirement savings system for lower-income and first-time workers, as well as promoting and educating about the proposed Washington Futures Fund.
In essence, Washington Asset Building Coalition's mission is to empower low-income residents in Washington to improve their financial stability and well-being by offering resources and support in areas such as education, home ownership, savings, and entrepreneurship. By facilitating access to these opportunities, WABC strives to help individuals and communities build a solid financial foundation, ultimately enabling them to achieve greater economic mobility and prosperity.
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Impact
October, 2024
The Washington Asset Building Coalition (WABC) significantly impacts low and moderate-income residents in Washington by facilitating asset-building opportunities. It promotes comprehensive strategies that empower individuals and communities to enhance their economic foundations, paving the way for a transition into the middle class.
In 2022, WABC served as a central hub for 15 local asset-building coalitions across the state, organizing quarterly meetings and providing targeted trainings. This collaborative approach enhances local efforts to support asset building through programs focused on savings, financial literacy, and education.
WABC also champions the establishment of a statewide retirement savings system, particularly targeting lower-income and first-time workers, thereby promoting long-term financial security. Additionally, its advocacy for initiatives like the proposed Washington Futures Fund highlights its commitment to fostering sustainable economic growth for residents.
By equipping individuals with the tools necessary to invest in education, home ownership, personal savings, and entrepreneurship, WABC plays a critical role in the ongoing economic upliftment of communities throughout Washington.
This information is meant to be a general summary of Washington Asset Building Coalition. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $202,202
Assets and Liabilities:
- Total Assets: $148,452
- Total Liabilities: $239
- Net Assets: $148,213
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Organization Details
Founding Year
2011
Phone
(206) 898-3043Principal Officer
Ryan Davis
Main Address
PO BOX 3831, SEATTLE, WA, 981243831
Website
www.washington-abc.orgNTEE Category
Code: P51 - Human services
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